The program enables you to display seven types of volume-based studies: Volume and open interest studies are useful in forecasting price activity. Some general principles for using volume and open interest studies include: see, John J. Murphy, Technical Analysis of the Futures Markets, A Comprehensive Guide to Trading Methods and Applications, New York: New York Institute of Finance, A Prentice-Hall Company, 1986, p. 199. These and other principles for analyzing volume and open interest are available in the source cited below.Volume and Open Interest
Cumulative Volume On Balance Volume Variable Accumulation Distribution Tick Volume Volume Open InterestVolume and open interest studies are available only on daily and weekly time bases. Total volume and/or total open interest should be used in a study involving volume and/or open interest. Open interest studies must be adjusted seasonally. Increases in volume and open interest suggest a continuation of a price trend. Decreases in volume and open interest suggest a change in a price trend.